Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.)

net sales	150,000	__%	105,000	__%
cost of goods sold	78,000	__%	60,000	__%
gross profit	72,000	__%	45,000	__%
selling, general	12,000	__%	6,500	__%
income from operation	60,000	__%	38,500	__%
interest expense	4,000	__%	5,250	__%
income before income income tax	56,000	__%	33,250	__%
income tax expense	16,800	__%	9,975	__%
net income	24,640

Sorry Net Income = 24,640 ___% Previous $23,275_____%

Thank you!